🚨 The US Central Bank (Fed) recently made some announcements:
- Our progress toward the 2% target has slowed down lately.
- The decision on interest rates was agreed upon by everyone.
- Inflation dropped over the past year but stayed high.
- The economy is still growing strongly. More people are getting jobs, and unemployment remains low.
- We won't lower interest rates until we're more confident that inflation is steadily moving toward 2%.
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